african.business news headlines

There is growing consensus, and not just in the Global South, that the current global financial system is no longer fit for purpose. Africa in particular faces weighty consequences because of the inadequacies of the global financial architecture,

West and Central Africa contains more countries than any other African region, yet just three are represented in both our African Top 250 and the West African Top 20: Nigeria, Ghana and Cte dIvoire. Nigerian companies account for 7.78% of our Top

African Banker magazine has announced today the shortlist of nominees for this years edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving

The value of the ten biggest North African firms has increased over the past year, most by a significant amount. The regions largest listed corporations are now outperforming the continental average against a background of the combined value of t

The widespread withdrawal of French banks from the African market could lead to local competitors growing faster, Fitch Ratings has argued . Several large French banking groups have wound down their operations in Africa in recent months.

The value of Africas biggest companies has fallen again this year. But one company - Naspers - is mainly responsible. The total market capitalisation of the 250 biggest listed companies in Africa stood at $505bn on 31 March 2024, down 9% from the

Early next year the board of governors at the African Development Bank (AfDB) will elect the banks next president, as the incumbent Akinwumi Adesina comes to the end of his second term in office. While Adesinas would-be successors will not be abl

In the inky blackness of night over Odesa you can hear them flying. That unmistakable buzz of a motorcycle engine powering a set of wings and a payload of explosives that make up a $50,000 deadly drone. Odesa, the grain exporting hub on the Black

The Central Bank of Kenya (CBK) has revived efforts to separate M-Pesa, the mobile money service, from Safaricom, the countrys telecom leader. The move seeks to bolster transparency, accountability, and regulatory oversight in the financial secto